Tag Archives: income

Some couples have unequal responsibilities when it comes to their finances. One spouse may be the high earner and make the investing decisions where the other is the lower earner and pays the bills. Clearly, the spouse who makes the investment decisions has more control and knowledge of the balance sheet and net worth of the household. However, the other spouse can empower himself/herself with knowledge regarding income and investments by obtaining and reviewing earnings statements, bank and brokerage statements, and tax returns. Even so, there are times during divorce, when a spouse may try to deceive the other spouse.

In this article, the author provides some tips on how to find hidden assets.

Alimony or spousal support is common in divorces where the payee spouse may have lower or no earnings than the payor spouse. States use their own formulas for calculating the statutory spousal support. Additional facts and circumstances may affect the final amount, such as payee’s prospects for getting employed, variability of the payor’s income, etc.